Indonesia Discussing Plan for Merger of Grab and GoTo, Official Says

MERGER - JAKARTA. Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the presidential spokesperson said on Friday.

The government considers the ride-hailing industry as strategic for job creation and vital to the economy. GoTo's Gojek unit alone has more than 3.1 million online riders, and GoTo and Grab have dominated the Indonesian market for years.